Most listings are in the $40's per square foot per year. The Tulane - Gravier region is seeing a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Tulane - Gravier region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the listings in the Tulane - Gravier are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Tulane - Gravier occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.